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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (43255)	11/30/2008 12:51:54 AM
From: elmatador	Respond to of 217573

Clipping Russia's wings: Russia’s ruble had its biggest weekly decline against the euro in at least five years as the central bank let the currency depreciate and raised interest rates to halt an exodus of foreign capital. Capital flying out com gusto! Russia is among a handful of countries raising borrowing costs after it drained $148 billion from the world’s third largest foreign-currency reserves to arrest a 16 percent currency slide against the dollar since August. Investors pulled $190 billion out of the country, BNP Paribas SA estimates, as oil fell below the $70-a-barrel average required to balance the budget in 2009. bloomberg.com It does look that those anachronic long distance flights are going to be grounded again. No money! RIC going out of the BRIC.